Financial services firm Absa, which commands nearly a quarter of South Africa’s mortgage market share, says that demand in the local housing market was strong across all segments in 2021, due mainly to the low-interest rate environment and positive sentiment towards home ownership. Source: BusinessTech
Data published by the Association for Savings and Investment South Africa (Asisa) shows a big increase in Covid-related deaths in South Africa, with unvaccinated citizens likely to pay more for insurance going forward. Source: BusinessTech
Government has reiterated its plans to give free mobile data to low-income South Africans as part of a growing telecommunications infrastructure drive. Source: BusinessTech
South Africa’s justice minister insists members of the Gupta family, who have been implicated in looting billions of rand from state coffers, will be extradited from Dubai and be forced to explain their actions. Source: BusinessTech
Social Development minister Lindiwe Zulu has submitted the Older Persons Amendment Bill to parliament, introducing new age requirements and further protections for the country’s elderly. Source: BusinessTech
Government is launching a new loan scheme aimed at supporting South African businesses facing distress caused by the Covid-19 pandemic. Source: BusinessTech
Discovery is starting to sell private health cover in South Africa at about a third of the price of its prior entry-level product, a move to attract new customers and tap into pandemic-heightened concerns about health. Source: BusinessTech
Government will need to intervene in the coming weeks to soften the impact of a record-high petrol price increase in South Africa, say economists. Source: BusinessTech
President Cyril Ramaphosa says he will step up anti-corruption measures against the private sector, with corrupt businesses relationships partly responsible for the deterioration of service delivery in the country. Source: BusinessTech
The new Suzuki Celerio has been announced in South Africa and joins the under R200,000 market. Source: BusinessTech
